Dorman Products, Inc. $DORM Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its stake in Dorman Products by 36.4%, owning 27,256 shares valued at approximately $3.29 million after selling 15,571 shares during the first quarter.
• Dorman Products reported earnings of $2.06 per share, exceeding analyst expectations and achieving a 7.6% increase in revenue compared to the previous year.
• Several institutional investors, including Invesco Ltd. and Wellington Management Group LLP, have significantly increased their holdings in Dorman Products, highlighting growing confidence in the company's performance.

Trexquant Investment LP cut its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 36.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,256 shares of the auto parts company's stock after selling 15,571 shares during the quarter. Trexquant Investment LP owned 0.09% of Dorman Products worth $3,285,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas lifted its position in shares of Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after purchasing an additional 217 shares during the period. Blue Trust Inc. lifted its stake in shares of Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after buying an additional 150 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Dorman Products by 51.3% in the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company's stock worth $69,000 after buying an additional 195 shares in the last quarter. Vestcor Inc purchased a new position in shares of Dorman Products during the first quarter valued at approximately $92,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Dorman Products by 40.8% during the 1st quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company's stock valued at $114,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 820 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $122.21, for a total value of $100,212.20. Following the sale, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. The trade was a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DORM. Wells Fargo & Company initiated coverage on Dorman Products in a research report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price target for the company. Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Roth Capital raised their price target on Dorman Products to $182.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Finally, Zacks Research raised shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $161.00.

Dorman Products Price Performance

Dorman Products stock traded up $0.09 during trading on Monday, reaching $163.76. The company had a trading volume of 32,557 shares, compared to its average volume of 217,496. The firm has a market capitalization of $5.00 billion, a PE ratio of 22.28 and a beta of 0.81. The firm's 50-day simple moving average is $138.11 and its 200 day simple moving average is $128.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. Dorman Products, Inc. has a 1-year low of $106.21 and a 1-year high of $165.40.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.30. The company had revenue of $540.96 million for the quarter, compared to analysts' expectations of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.Dorman Products's revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Dorman Products Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.